In this video series, I cover the top 100 ranked cryptocurrencies, and what I think of each of them, both in personal preference and as an investment.
Top 100 Cryptocurrencies - ( Populous / Bitshares / Electroneum / SALT / Binance Coin ) - Part 5
In this video series, I cover the top 100 ranked cryptocurrencies, and what I think of each of them, both in personal preference and as an investment.
Thanks for this video Ted. A couple of the YouTube conservatives I listen to have mentioned Populous, Salt and Electroneum recently - however they never really mentioned what they did - now I know.
How about that EOS price hey!
SirKnight
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It's looking good!
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Hope you can find time to give a quick state of the market along with your thoughts on BCH.
Great vid,
Thanks!
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Thanks, I might. Just my initial comment is that Bitcoin is king because it's the base pair for exchanges besides USD and national currencies. In other words, unless BCH base pair became big there is almost no reason to assign any useful value to BCH. Yet market hype, lack of investor knowledge, and news events behind BCH are driving it higher. Long, long, term, I favor actual usefulness over near-term news and media events... because usefulness can be relied upon even when news events go south.
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For me it is clear BCH provides more utility as things currently stand. BCH tx fees & times are an order of magnitude quicker and cheaper than on BTC. However, the de facto rebuttal here is that those advantages come at the cost of decreased decentralization (and maybe even security, with some re-allocation in hashpower heading to BCH).
The main counter argument to the current state of the BTC protocol is that lightning / 3rd-party integrations via segwit or segwit2x will allow for quicker txs and lower txs costs, while remaining more decentralized.
A (arguably bias) research paper by one of the main individuals behind BCH points out why segwit is not a sustainable solution: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2993315 There are similar articles and sentiments around this claim that raise interesting points, if true. As for the decentralization claim, both have the majority of their mining activity split by a handful of parties so if either chain has additional decentralization it would probably be marginal at best.
In the end, commerce will be drawn to the chain which provides the most utility. When legitimate businesses are given the choice between increased decentralization or significantly reduced tx time and cost, it is safe to assume they would choose the latter.
This could be why Amazon hasn't accepted bitcoin yet, why would consumers ever pay 50$ and wait hours to make a transaction with BTC when they can use visa and have it done instantly at close to no cost to them.
I think the point some investors fail to realize when comparing BTC/BCH is that one (BTC) aims to be a decentralized store of value while the other (BCH) serves to facilitate commerce with a reasonable level of decentralization.
(Disclaimer: I'm not for-or-against either BTC/BCH, I just believe they are inherently suited to serve different purposes in the long run.)
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electroneum looks like loosed its momentum
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Great thoughts. I think that BTS will be pumped very hard probably next year but it is just my guess.
By the way, do you guys know that you can earn very solid amount of $ just holding your crypto on polo or bitfinex? I'm using free crypto bot to lend my stuff 24/7. It works perfectly. Check it out:
https://www.coinlend.org/?referral=3JV37W
More information here:
https://steemit.com/bitcoin/@arvydas/how-to-lend-your-cryptocurrency-and-earn-24-7-interest
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I don't think your analysis about Populous is right. Populous is more than an invoice factoring business.
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When I get comments like this, it would always be good to explain what you mean by "more than".
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I have done more than 20 posts about Populous after extensive research, if you would like to learn more than read this latest post. https://steemit.com/populous/@marcusxman/populous-through-the-looking-glass
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yeah! the information is great, want to know more something
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Dtube video always good @crypto-investor
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Hay sir your post about criptocurrencies are really good, does investment in any of those give profile in future
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thanks for information! good thought
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*Somewhat related to Bitshares:
There seems to be some FUD in regards to recent allegations about Tether (essentially that it may cripple exchanges who choose to issue it). If true I'd imagine many investors will want to shelter their coins in a decentralized exchange such as Bitshares.
Source of most recent Tether FUD: https://cointelegraph.com/news/rapid-increase-in-tether-supply-raises-concerns-of-manipulation-creative-accounting & https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f
Possibly an attributing factor to why Bitshares has rallied >100% as of late.
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